Improving disclosures.

• Position: News&trends

FASB's new proposed Accounting Standards Update is intended to increase financial reporting transparency about entities that participate in multiemployer pension and other postretirement benefit plans.

Under the proposal, employers would have to provide more information, including a description of the plans it's involved in, its contractual commitments to the plans and the expected impact of plan participation on cash flows.

If approved, public companies would have to provide the enhanced disclosures...